Truist Financial Corp Acquires 82,015 Shares of Realty Income Corporation $O

Truist Financial Corp grew its holdings in shares of Realty Income Corporation (NYSE:O) by 6.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,319,555 shares of the real estate investment trust’s stock after acquiring an additional 82,015 shares during the quarter. Truist Financial Corp’s holdings in Realty Income were worth $74,383,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. ProShare Advisors LLC grew its position in shares of Realty Income by 5.3% in the 3rd quarter. ProShare Advisors LLC now owns 3,067,894 shares of the real estate investment trust’s stock worth $186,497,000 after buying an additional 155,677 shares during the last quarter. Allied Investment Advisors LLC purchased a new stake in shares of Realty Income during the 3rd quarter valued at $10,870,000. J. Safra Sarasin Holding AG purchased a new stake in shares of Realty Income during the 3rd quarter valued at $26,175,000. Pensionfund PDN purchased a new stake in shares of Realty Income during the 4th quarter valued at $7,434,000. Finally, NEOS Investment Management LLC lifted its holdings in shares of Realty Income by 73.0% during the 3rd quarter. NEOS Investment Management LLC now owns 169,839 shares of the real estate investment trust’s stock valued at $10,279,000 after purchasing an additional 71,646 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Down 0.7%

NYSE:O opened at $63.38 on Tuesday. The company has a market cap of $59.10 billion, a PE ratio of 54.17, a P/E/G ratio of 4.32 and a beta of 0.75. Realty Income Corporation has a twelve month low of $54.38 and a twelve month high of $67.93. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.72. The company’s 50 day moving average is $63.75 and its two-hundred day moving average is $60.72.

Realty Income (NYSE:O) last released its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.08 earnings per share for the quarter, hitting the consensus estimate of $1.08. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. Realty Income had a net margin of 18.41% and a return on equity of 2.68%. Realty Income’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 EPS. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. Analysts anticipate that Realty Income Corporation will post 4.45 EPS for the current year.

Realty Income Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 30th will be given a dividend of $0.2705 per share. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Thursday, April 30th. Realty Income’s payout ratio is currently 276.92%.

Insiders Place Their Bets

In other Realty Income news, insider Michelle Bushore sold 7,400 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $62.42, for a total transaction of $461,908.00. Following the sale, the insider owned 67,641 shares of the company’s stock, valued at approximately $4,222,151.22. The trade was a 9.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Cantor Fitzgerald increased their price objective on Realty Income from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, February 27th. Morgan Stanley set a $67.00 price objective on Realty Income in a report on Monday, April 27th. Stifel Nicolaus increased their price objective on Realty Income from $67.75 to $70.50 and gave the company a “buy” rating in a report on Wednesday, February 25th. Mizuho increased their price objective on Realty Income from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday, March 11th. Finally, Evercore reissued a “positive” rating on shares of Realty Income in a research report on Wednesday, February 25th. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $66.75.

Realty Income Company Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.